distressed homes: Georgia Takes Top Foreclosure Spot For First Time Since 2006
- 06/15/12 03:58 AM
According to foreclosure data firm RealtyTrac, the number of foreclosure filings nationwide rose 9 percent in May as compared to April 2012. Filing topped 200,000 units for the first time in 3 months. The term "foreclosure filing" is a catch-all term comprising default notices, scheduled auctions, and bank repossessions. On average, 1 in every 639 U.S. homes receiving a foreclosure filing in May. As in most months, foreclosure activity was concentrated by state. Just 6 states accounted for more than half of the nation's total filings. Those six states were : California : 13.6% of all repossessions Florida : 11.0% of all repossessions Georgia : 9.8% … (0 comments)
distressed homes: Nevada Relinquishes “Top Foreclosure State” Title
- 04/19/12 03:01 AM
According to foreclosure-tracking firm RealtyTrac, foreclosure filings fell to 199,000 in March 2012, a 17 percent decrease from March 2011. Last month marks the first time since July 2007 that foreclosure filings numbered less than 200,000 on a monthly basis -- a span of nearly 5 years. The generic term "foreclosure filing" is used to group all types of foreclosure activity into a single reading. It includes default notices, scheduled auctions, and bank repossessions. As in most months, foreclosure density varied by region. 6 states accounted for more than half of the nation's repossessed homes in March. Florida : 13.6 percent … (1 comments)
distressed homes: Case-Shiller Shows Uneven Recovery For U.S. Housing
- 03/29/12 03:00 AM
Recent data suggests that the U.S. housing market is in recovery. However, the data also shows this to be an uneven recovery. According to the monthly S&P/Case-Shiller Index, for example, home values rose in three of 20 tracked markets between December 2011 and January 2012. 17 tracked markets showed home prices still in decline. It's easy to point to the Case-Shiller Index as evidence that the housing market has yet to bottom, but we have to consider the Case-Shiller Index's shortcomings -- specifically in a recovering economy. For example, the Case-Shiller Index is based on changes in home prices of a single … (0 comments)
distressed homes: Foreclosure Volume Slated To Rise This Spring
- 03/16/12 02:47 AM
After a series of months during which foreclosure volume was low, total filings have started to rise again, says RealtyTrac. In February, 21 states posted a year-over-year increase in monthly foreclosure filings, according to the national foreclosure-tracking firm. This is nearly twice as many states as compared to December 2011, marking the highest monthly reading since November 2010. A "foreclosure filing" is defined to include any one of the following foreclosure-related events : (1) The serving of a default notice, (2) A scheduled home auction, or (3) A bank repossession. Nationally, the number of foreclosure filings fell 2 percent from January. … (0 comments)
According to foreclosure data firm RealtyTrac, the number of foreclosure filings nationwide rose 9 percent in May as compared to April 2012. Filing topped 200,000 units for the first time in 3 months.
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